TNK-BP 9-Month Spending on Orenburg Output Rises to $1 Billion

TNK-BP, the Russian joint venture BP
Plc (BP/) and a group of billionaires are selling to OAO Rosneft,
boosted investment 6 percent in the Orenburg region through
September.

Investment in output from one of Russia’s oldest producing
regions increased to 31.9 billion rubles ($1 billion) from 30
billion rubles in the same period the previous year, according
to a statement on the company’s website.